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Duckworth Capital Corp. and Goldspot Discoveries Inc. Announce TSXV Conditional Approval and Filing of Filing Statement
Toronto, Ontario--(Newsfile Corp. - October 31, 2018) - Duckworth Capital Corp. (TSXV: DUKE.P)...
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[{"type":"text","content":"Duckworth Capital Corp. and Goldspot Discoveries Inc. Announce TSXV Conditional Approval and Filing of Filing StatementToronto, Ontario--(Newsfile Corp. - October 31, 2018) - Duckworth Capital Corp. (TSXV: DUKE.P) (\"Duckworth\" or the \"Company\"), a Capital Pool Company, and Goldspot Discoveries Inc. (\"Goldspot\"), are pleased to announce that Duckworth has received conditional approval from the TSX Venture Exchange (\"TSXV\") for its previously announced Qualifying Transaction (as defined under TSXV Policy 2.4) with Goldspot whereby Duckworth will acquire all of the securities of Goldspot by way of a three-cornered amalgamation pursuant to the laws of Canada, Duckworth will change its name to \"Goldspot Discoveries Corp.\" and the directors and management of Goldspot will become the directors and management of the resulting issuer upon completion of the Qualifying Transaction (the \"Transaction\"). Duckworth and Goldspot are also pleased to announce that Duckworth has filed its filing statement dated October 30, 2018 (the \"Filing Statement\") with respect to the Transaction. For further details with respect to the Transaction, please see the Filing Statement which is available under Duckworth's profile on SEDAR at www.sedar.com.Assuming all conditions for closing are satisfied, it is expected that the Transaction will be completed on or around November 15, 2018. Duckworth received the approvals required from its shareholders to consolidate its common shares on a two for one basis, change its name to \"Goldspot Discoveries Corp.\" and elect the directors of Goldspot in connection the Transaction on October 12, 2018, and Goldspot received the approvals required from its shareholders to complete the Transaction on September 7, 2018.For further information please contact:Carl Sheppard, PresidentDuckworth Capital Corp.902-405-4600Forward Looking StatementsThis press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Duckworth to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.Examples of such statements include the intention to complete the Qualifying Transaction. Actual results and developments ...